Removed by author7mos7MO
The LPC estimates that there were around 1.6 million workers paid at or below the minimum wage in April 2022, which is around 5% of all UK workers. That's one in 20 people meaning in a classroom, atleast 1 person will grow up with minimum wage
@9HQ7CDQ4mos4MO
Minimum wage and living wage should be identical. Nobody should have to work on a wage than cannot support a basic standard of living.
@9HPY76T4mos4MO
family income provides children with basic needs, developmentally appropriate stimulation, high-quality health and child care, and access to educational and cultural opportunities. if everyone put some money into helping their families, there would be an equal chance for everyone in living a better life.
@9HPSDZY4mos4MO
People need to be able to pay for their basic expenses and not have to cut down on them, which so many minimum wage workers are having to do now
@9H4LSXR5mos5MO
I know myself from making that bit extra money if makes a huge difference to your finances what you can afford and thus reduces stress and helps improve mental health.
@9GDKBKM6mos6MO
If all jobs are at a good wage it will stop people from progressing, working hard and being innovative
@9FD2T647mos7MO
Everyone needs to be able to pay basic expenses and not have to cut down on their basic expenses, which some minimum wage workers are having to do at the moment.
@9HQXBL9 4mos4MO
The 16 year old minimum wage will soon become £6.40 which I see as fair for GSCE or early college students. It is soon to be £11.44 for 21+ year olds. However, using 9-5 mon-fri (40 hours), they would earn £1830.40 a month, only just enough to cover rent after tax. Factoring other average expenses, they would hardly have anything left. People would only just get by despite working 40 hours.
@9LQKKJJ2 days2D
Wages have risen naturally on their own to be twice as much on average then a minimum increase has without the need for government regulation.
@9LQCMZC2 days2D
Many people may be willing to work for less than the minimum wage so there is no need to make UK businesses less competitive than overseas businesses
@9LN6CSS6 days6D
Not all jobs deserve a higher wage some are learning positions to set you up with future skills. Also a higher minimum wage has shown to reduce the jobs available in certain sectors
@9KZ6MVY1mo1MO
lots of peole waste their money on unecissery things such as holidays. cutting the minimum wage will decrease the number of people wasting their money
@9KGYMNB2mos2MO
Minimum wage exacerbates unemployment during economic downturns, creates structural unemployment when those living on minimum wage cannot adjust to the job market when the economy inevitably improves and removes jobs at the lower end.
Costs have to be affordable for SME's as well as big business and the NMW is already stretching for them.
@9H4LCMH5mos5MO
£11 per hour is plenty. Unless when you increase the minimum wage you increase the wages of the whole country especially those who work in the NHS.
@9H43MPK5mos5MO
When raising minimum wage, the companies pass on extra labour costs onto the consumer which decreases disposable income
@9GYWDPK5mos5MO
Upping minimum wage increaes inflation. Likewise, can potential lead to job losses due to limited capital to pay wages per hour.
@9GXVTJ75mos5MO
Raises costs for businesses thus raising prices and inflation as well as making uk exports less competitive - harming economy
@9GW9WKD6mos6MO
Countries in Scandinavia without a min wage pay very highly. Would have to look into why and relate this to the uk.
@9H3ZMJ7Plaid Cymru5mos5MO
Everyone needs to be able to pay basic expenses and not have to cut down on their basic expenses, which some minimum wage workers are having to do at the moment.
@9G79T496mos6MO
I creasing the minimum wage increases the risk for everything and the opportunity to recruit lower paid jobs to support a family or business makes it unrealistic. It also reduces job opportunities as companies looka to make more robust and efficient ways of working and reduce the high paid but lower skilled roles. This is sure if worse for the economy. Eventually nobody will work at McDonald's and it will be all automated as the cot to hire staff will cost more than the food itself.
@9FTP6BCConservative7mos7MO
All other wages don’t increase at the same rate, so semi skilled workers lose out. If someone is earning £12p/h then their wage doesn’t and won’t have increased for some time.
@9FT4N797mos7MO
Increasing minimum wage increases prices for every one else. also making the wealth gap too close just reduces the incentive to do more difficult jobs
@9FHSW237mos7MO
Petrol prices have increased due to the decrease in renewable energy resources and minimum wages have stuck to the same. How do they expect people who are already struggling to cope and look after themselves. This then cause a chain reaction as they will eat cheaper foods which is bad for their health and they end up using up most of the nhs time.
@9FGVM7D7mos7MO
increasing minimum wage increases prices for every one else. also making the wealth gap too close just reduces the incentive to do more difficult jobs
@9FPHZZWConservative7mos7MO
If people have more money, demand will be higher and supply will not be enough to satisfy consumers so inflation will happen, meaning no one is better off, as they're working time is still the same value relative to the price of goods.
@9HRHTBQ4mos4MO
My Above Stipulation is more then generous to Employer in a environment where there are more jobs then employers Otherwise Stupidity prevails.
@9GJNB2J 6mos6MO
If the minimum wage is raised so will all the prices in retailers or other companies which they employ people at minimum wage. People have the ability to work as hard as they want to get their own desired paycheck companies and the government should not have to help them out at the expense of everyone else. Also, most people working at the minimum wage are still living with their parents and do not have many major paychecks or bills to fulfill.
@9LRJ5XM 15hrs15H
Higher wages cause businesses to raise prices effectively cancelling out the process. Focus on lowing cost of supplies etc and better economic spending to enable businesses to turn more profit and pay staff higher wages in turn.
@9LR3SDV21hrs21H
Cost of living crisis along with rising rents in London mean that the minimum wage must be increased so that people can afford to live
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